Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.22.2.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 7,527 $ 81,567
Prepaid expenses 274,521 398,328
Total current assets 282,048 479,895
Investments held in Trust Account 316,742,456 316,267,458
Total Assets 317,024,504 316,747,353
Current liabilities:    
Accounts payable 49,082 40,149
Accrued expenses 1,706,635 1,723,300
Accrued expenses - related party 170,000 110,000
Working capital loan - related party 350,000 0
Total current liabilities 2,275,717 1,873,449
Deferred underwriting commissions 11,068,750 11,068,750
Derivative warrant liabilities 1,725,750 12,557,750
Total liabilities 15,070,217 25,499,949
Commitments and Contingencies
Class A ordinary shares subject to possible redemption, $0.0001 par value; 31,625,000 shares at redemption value of approximately $10.01 and $10.00 per share as of June 30, 2022 and December 31, 2021, respectively 316,642,456 316,250,000
Shareholders' Deficit:    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of June 30, 2022 and December 31, 2021 0 0
Additional paid-in capital 0 0
Accumulated deficit (14,688,960) (25,003,387)
Total shareholders' deficit (14,688,169) (25,002,596)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit 317,024,504 316,747,353
Class A ordinary shares [Member]    
Current liabilities:    
Class A ordinary shares subject to possible redemption, $0.0001 par value; 31,625,000 shares at redemption value of approximately $10.01 and $10.00 per share as of June 30, 2022 and December 31, 2021, respectively 316,642,456 316,250,000
Shareholders' Deficit:    
Common Stock 0 0
Class B ordinary shares [Member]    
Shareholders' Deficit:    
Common Stock $ 791 $ 791